Search Results for keywords:"equal cola act"

Search Results: keywords:"equal cola act"

H. R. 491 — To amend title 5, United States Code, to achieve parity between the cost-of-living adjustment with respect to an annuity under the Federal Employees Retirement System and an annuity under the Civil Service Retirement System, and for other purposes.
January 16, 2025
Status:Introduced in House
Congress:119
Words:513
H.R. 491, also known as the "Equal COLA Act," proposes changes to United States Code title 5. The bill aims to ensure fairness in the cost-of-living adjustments (COLA) between two types of federal retirement systems—Federal Employees Retirement System (FERS) and Civil Service...
Simple Explanation
The bill wants to make sure that people who worked for the government and are now retired get the same extra money each year to help pay for things that get more expensive. It wants to make this process clearer and more fair for everyone.
S. 624 — To amend title 5, United States Code, to achieve parity between the cost-of-living adjustment with respect to an annuity under the Federal Employees Retirement System and an annuity under the Civil Service Retirement System, and for other purposes.
February 18, 2025
Status:Introduced in Senate
Congress:119
Words:437
S. 624, also known as the “Equal COLA Act,” aims to amend title 5 of the United States Code to ensure that the cost-of-living adjustments (COLA) for annuities under the Federal Employees Retirement System (FERS) are in line with those under the Civil Service Retirement...
Simple Explanation
S. 624, called the “Equal COLA Act,” is a rule that wants to make sure that the money given to retired federal workers to help with living costs is fair and the same for everyone, no matter which retirement plan they are in. It means when prices go up each year, everyone’s retirement checks will increase the same way.

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